The outlet says that the liberal billionaire financier is dissolving the non-family aspect of his hedge fund that put him on the monetary map.

“He’s done funding the Democrats. He’s see the light and know thinks that Republicans have a far better economic strategy for the country… and the world.”

Soros is said to be “disgusted” with the debt talks and “very angry” with President Obama about the way he has handled the economy.

David Mamet, who recently wrote about his conversion from a liberal to a conservative in his book “A Secret Knowledge” was the catalyst.

“David met with Soros on the weekend and convinced George that his liberal ideas were ‘insane,'” said Soros insider Vladka Junga.

Junga also said that Soros no longer believes in Climate Change and is divesting himself from all funding of liberal causes including Media Matters.

“George wants to dedicate his Open Society now to promoting the Tea Party agenda.”

Soros is expected at a major Tea Party rally in St. Louis this weekend. He will be the guest of conservative superstar, Dana Loesch.

The billionaire best known for breaking the Bank of England, is returning money to outside investors in his $25.5 billion firm is ending a career as hedge-fund manager that spanned more than four decades and joining the GOP – full-time.

“He wants to dedicate himself to getting the Republicans back into the White House and to make sure that the Supreme Court retains its conservative advantage” said Soros associate, Marco Ludmilla.

Arianna Huffington, a good friend of Soros, is upset that Soros is leaving “the casue” but said that she would carry on with her far left agenda.

“George and I are dear friends and if he wants to be a Republican now, then I support him in his decision, but will do everything in my power to bring him down!”

Soros, who turns 81 next month, plans on donating over $1 billion to the GOP. His favorite candidate for President: Chris Christie.